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E-Malt.com Newsletter 47b
November 23 - November 26, 2023
Quote of the Week
Don't let yesterday take up too much of today.
Will Rogers
Currency Rates
Base Currency: US Dollar
on November 24, 2023 |
Base Currency: Canadian Dollar
on November 24, 2023 |
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1 USD = 0.9169 EUR
1 USD = 0.7983 GBP
1 USD = 1.3687 CAD
1 USD = 1.5245 AUD
1 USD = 149.3540 JPY
1 USD = 4.9012 BRL
1 USD = 88.3014 RUB
1 USD = 7.1013 CNY
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1 CAD = 0.7305 USD
1 CAD = 0.5832 GBP
1 CAD = 0.6698 EUR
1 CAD = 1.1136 AUD
1 CAD = 109.1030 JPY
1 CAD = 3.5803 BRL
1 CAD = 64.5038 RUB
1 CAD = 5.1874 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, VA: Hidden Wit Brewing Co. opens in Chesterfield County
...Click here
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USA, CA: Sale of Anchor Brewing Company for parts is underway
...Click here
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Singapore: ThaiBev reports nearly 9% fall in annual profit
...Click here
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World: Grain production struggling to keep pace, experts say
...Click here
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China & Australia: China expected to buy Australian barley all the way through 2024
...Click here
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Germany: Regional brewer Koblenzer Brauerei files for insolvency
...Click here
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South Africa: South African Breweries completes promised R5.8 bln plant upgrades
...Click here
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Japan: Suntory Spirits to raise prices of 117 of its alcoholic beverages by up to more than two times
...Click here
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Graph of the Week
Table of the Week
Africa Beer Production 2017 - 2022s
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
23 November
1863 - Patent granted for a process of making color photographs
1936 - 1st issue of Life, picture magazine created by Henry R Luce
1992 - 10,000,000 cellular telephone sold
24 November
1914 - Louis de Raet, Belgian economist/Flemish People Party, dies
1951 - British auto manufacturers Austin/Moris Motors merge
25 November
1867 - Alfred Nobel patents dynamite
1884 - John B Meyenberg of St. Louis patents evaporated milk
26 November
1885 - 1st meteor photograph
1925 - Netherlands and Germany sign trade agreement
1987 - Matsushita purchases the movie and entertainment company MCA Inc. for $6.6 billion
Agenda
November 2023:
28 - 30: Brau Beviale 2022 (Nuremberg, Germany)
December 2023:
06 - 08: Drink Japan 2023 (Makuhari Messe, Japan)
February 2024:
01 - 02: Glug Swiss 2024 (Alte Reithalle, Aarau, Switzerland)
09 - 12: HoReCa 2024 (Athens, Greece)
18 - 21: Beer & Food Attraction 2024 (Rimini, Italy)
23 - 25: Finest Spirits 2024 (Munich, Germany)
March 2024:
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
13 - 14: BeerX 2024 (Liverpool, UK)
22 - 23: InnBrew 2024 (Barcelona, Spain)
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
April 2024:
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)
24 - 24: World Beer Cup 2024 (Las Vegas, USA)
May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
24 - 26: Cerveza Mexico Expo 2024 (Guadalajara, Mexico)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
30 - 01 June: Craft Beer China 2024 (Shanghai, China)
June 2024:
06 - 09: Wiener Bierfest 2024 (Vienna, Austria)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
News Articles
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USA, VA: Hidden Wit Brewing Co. opens in Chesterfield County
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Chesterfield County’s newest brewery has opened in the Moseley section the county after being in the works for about half a decade, the Richmond BizSense reported on November 24.
Hidden Wit Brewing Co. made its debut this week at 21110 Hull Street Road, where it operates in a 10,000-square-foot building with a tap room, dining area, full kitchen and event space.
The brewery’s 10-acre site also features a patio and turf lawn. Plans are in the works for a stage for live musical performances as well as a gazebo.
It uses a 20-barrel brewing system and has room for 18 beers on tap.
The brewery’s majority owners are Butch and Kim Taylor, who also own Titan Auto & Tire in Chesterfield. Among Hidden Wit’s other owners are Brad and Andrea Cooper (who also own Steam Bell Beer Works in Midlothian) as well as Jessica and Chad Ritter, who is Hidden Wit’s head brewer.
Dave Butler and Stephan Parry of Parry Restaurant Group are also co-owners and investors in the brewery venture. Their restaurant group operates Q Barbeque among other restaurants in Virginia and North Carolina as well as hotels and a winery.
Hidden Wit held a ribbon-cutting ceremony the day before Thanksgiving, which followed a soft
...More info on site
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Canada: Demand for feed barley remains limp
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As demand for barley remains limp, it has become rather difficult to move the feed grain, according to Darcy Haley of Ag Value Brokers in Lethbridge.
“There’s just no demand. We did barley March 10 at C$320 per tonne, and in April through to July it traded at C$328. That’s C$7-C$10 cheaper than corn,” Haley said, noting barley was currently at C$315 in the Lethbridge area.
“I have barley in front of me that I can’t sell, just because they don’t need it,” he added.
In the meantime, farmers have been hanging onto barley rather than selling it, something Haley disagreed with.
“I think producers are making a huge mistake. They should be moving something,” he said, suggesting farmers need to check grain elevators for prices and tail-end exports.
“Where’s the risk to the buyer? Through the rest of the fall and the winter there’s virtually no risk,” Haley said.
“One aspect that’s working in barley’s favour here right now is the price of corn distillers dried grains with solubles (DDGS),” he noted.
DDGS, he said, were currently $435/tonne and most often make up 20 per cent of corn rations as they are a protein supplement — and barley contains more protein but less energy, while corn
...More info on site
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USA, CA: Sale of Anchor Brewing Company for parts is underway
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The bankruptcy and closure of San Francisco’s own Anchor Brewing Company is now in the inevitable auctioning-off-its-parts phase, with the brewery, its equipment, and its intellectual property all being sold separately, but some local beer preservationists are in the hunt, SFist reported on November 22.
With the holiday season set to begin, it’s a sad footnote that there will be no Anchor Christmas Ale this year. But it’s an exponentially sadder matter that the SF-born Anchor Brewing Company closed and declared bankruptcy this summer, sending many tears into many beers. Whatever future the Anchor Brewing Company may or may not have is now in the hands of an Assignments for the Benefit of Creditors (ABC), a third-party trust that is handling the sale of Anchor’s remaining assets.
And the Chronicle reported on November 22 that the bidding is underway for Anchor Brewing’s assets. The assets are being offered in three separate categories: the Potrero Hill property that’s the home of the company’s brewery, the equipment inside the brewery, and the intellectual property and beer recipes for anyone who may want to continue the Anchor Brewing brand.
The auction is being handled by a firm called Hilco Corporate Finance, and the screenshot above is
...More info on site
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Singapore: ThaiBev reports nearly 9% fall in annual profit
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Singapore-listed Thai Beverage (ThaiBev) reported an annual profit on November 22 that fell nearly 9%, hurt by weakness in the company's beer and food
...More info on site
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World: Grain production struggling to keep pace, experts say
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Grains production is rising but it’s being outpaced by consumption in a world in which a range of factors, including weather, war, and animal
...More info on site
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China & Australia: China expected to buy Australian barley all the way through 2024
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After China ended antidumping tariffs on Australian barley in August, dramatically lowering imported barley prices by $11 per MT, Chinese importers secured about 20
...More info on site
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Germany: Regional brewer Koblenzer Brauerei files for insolvency
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Regional German brewer Koblenzer Brauerei has filed for insolvency, according to multiple reports in Germany.
The brewer, with origins dating back to the 1680s, has
...More info on site
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South Africa: South African Breweries completes promised R5.8 bln plant upgrades
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The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants, the South African Government News Agency reported on November 23.
The company said the investment – which was announced at the South African Investment Conference 2023 earlier in the year - was for civil works and new equipment to allow for increased local production for new product innovations.
Two of SAB’s plants were identified for these capacity upgrades - Prospecton Brewery in Durban and Ibhayi Brewery in Gqeberha in the Eastern Cape.
The South African Investment Conference was launched in 2018 by President Cyril Ramaphosa to boost economic activity that had been in decline for over a decade in Africa's most advanced but struggling economy.
This year, President Ramaphosa set a new target to mobilise approximately R2 trillion in new investments over another five-year period which begins next year.
SAB employs around 5 700 employees and collaborates with nearly 3 739 suppliers, supporting around 250 000 jobs in the beer value chain.
In addition, the company sources high-quality ingredients from local farmers, ensuring that 94% of their beer production is locally sourced.
Chief Executive Officer of SAB, Richard Rivett-Carnac, said SAB is committed to
...More info on site
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Japan: Suntory Spirits to raise prices of 117 of its alcoholic beverages by up to more than two times
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Suntory Spirits Ltd. said on November 21 that it will raise the prices of 117 alcoholic beverages by up to more than two times, starting with shipments on April 1 next year, Jiji Press reported.
The suggested retail prices of the Yamazaki 25 Years Old, Hakushu 25 Years Old and Hibiki 30 Years Old whiskies will jump to 360,000 yen per 700-milliliter bottle from 160,000 yen, the Japanese beverage maker said.
Such high-grade Japanese whiskies are becoming increasingly popular worldwide and sometimes sold for 10 times the manufacturers' suggested retail prices due to stock shortages.
Suntory said that the price increases are designed to help improve the quality of its products and enhance production facilities.
For imported whiskies, the price of the Macallan 30 Years Old will climb to 550,000 yen per 700-milliliter bottle from 351,360 yen. Suntory will also raise prices for some Japanese wine. The increases reflect soaring ingredient and transportation costs, the company said.
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